4/A: CORVEL CORP CEO Michael Combs Reports Correction to Beneficial Ownership

Michael Combs, CEO of CORVEL CORP, files an amended Form 4/A to correct an administrative error in a previous filing regarding changes in beneficial ownership.

Summary

• Michael Combs, CEO and President of CORVEL CORP [CRVL], filed an amended Form 4/A with the SEC on April 2, 2025.
• The amendment corrects an administrative error in the original Form 4 filed on April 2, 2025, specifically removing a duplicative line item in Table I.
• The report indicates a transaction on March 31, 2025, where Combs acquired 30 shares of Common Stock at a price of $106.3715 per share under the Issuer's Employee Stock Purchase Plan.
• Following the reported transaction, Combs directly owns 47,067 shares of Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The correction of an error is a positive sign of diligence. The sentiment is neutral to slightly positive.

Positives

• The filing indicates participation in the Employee Stock Purchase Plan, aligning the executive's interests with those of the company.
• The correction of the administrative error demonstrates attention to detail and compliance with SEC regulations.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing is an amendment to correct a previous filing, which is not uncommon.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The correction of the error demonstrates a commitment to accurate reporting.

Key Dates

Keywords

Form 4/A, CORVEL CORP, Michael Combs, Beneficial Ownership, SEC Filing, Employee Stock Purchase Plan, CRVL